The local market briefly made a new four-month high yesterday after a strong rally off the lows. It remains to be seen if any retracement is short and sweet or a more protracted move.
It could be argued that the price of gold is forming a bearish flag type pattern. With uncertainty over how the US election pans out volatility could increase in markets until the dust is settled.
Tyro looks to have made a decisive break higher.
Smartgroup is forming an interesting pattern.
Collins Food looks to be posturing for a move higher if it can overcome the resistance zone.
Goodman Group has popped higher after some sideways action and we will buy some for the educational portfolio today.
Downer moved higher on news of some big infrastructure spending in the recent budget.
We bought parcels of Bapcor and Carsales when they moved higher late last week.
This graph shows how well the US based Nasdaq has been going over the last seven years compared to the All Ordinaries accumulation index.
Table
Security | Units bought (sold) | Date | Open price/ From last table | Current/close | $ gain/loss |
Buy CSL 3/12/18 at $183 c/f 9/1 at $192.31 c/fwd 3/1 at $280 | Bought 10 at $192.31 9/1/2019 | 9/1/2019 | $291.85 | $298.23 | +$63.80 |
Bought Magellan Financial Group c/fwd 3/1 at $59.00 | Bought 40 at $57.50 18/12/2019 | 18/12/2019 | $60.34 | $64.20 | +$154.40 |
Bought Evolution
| Bought 400 at $3.98 | 24/3/2020 | $5.83 | $6.11 | +$112.00 |
Bought Silverlake
| Bought 1,500 at $1.41 | 24/3/2020 | $2.45 | $2.41 | -$60.00 |
Bought Nickel Mines
| Bought 6,000 at 52.5c | 29/4/2020 | 75 | 77 | +$120.00 |
Bought Aristocrat Leisure | Bought 100 at $26.80 | 19/5/2020 | $31.10 | $31.10 | Steady |
Bought Stavely
| Bought 4,000 at 56c | 11/6/2020 | 55 | 59.5 | +$180.00 |
Bought Ardent Leisure | Bought 3,000 at 40c | 1/7/2020 | 56 | 62.5 | +$195.00 |
Bought Flight Centre
| Bought 150 at $11.50 | 1/7/2020 | $14.51 | $14.39 | -$18.00 |
Bought Ardent Leisure | Bought 1,500 at 35c | 6/8/2020 | 56 | 62.5 | +$97.50 |
Bought Pro Medicus
| Bought 100 at $25.30 | 19/8/2020 | $27.00 | $27.86 | +$86.00 |
Bought Costa Group
| Bought 700 at $3.65 | 2/9/2020 | $3.67 | $3.69 | +$14.00 |
Bought Ooh Media
| Bought 2,500 at $1.13 | 28/9/2020 | $1.37 | $1.41 | +$100.00 |
Bought Whitehaven Coal | Bought 3,000 at $1.05 | 28/9/2020 | $1.07 | 99c | -$240.00 |
Bought NDQ ETF
| Bought 150 at $26.50 | 1/10/2020 | $26.28 | $27.81 | +$229.50 |
Bought Resimac
| Bought 2,000 at $1.45 | 2/10/2020 | $1.56 | $1.56 | Steady |
Bought Carsales
| Bought 130 at $22.15 | 8/10/2020 | $22.15 | $22.35 | +$26.00 |
Bought Bapcor
| Bought 400 at $7.61 | 9/10/2020 | $7.61 | $8.11 | +$200.00 |
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|
|
|
|
|
Start 2/1/2020 $50,000.00 | Open balance $72,647.85 |
|
|
| $72,647.85 |
Stock c/fwd 3/1 $18,427.50 | Gains/losses week +1,260.20 |
|
|
| +$1,260.20 |
| Current total $73,908.05 |
|
|
| $73,908.05 |
Brokerage at $30 per round turn added when sold. | Less buy/ close prices and Margin $48,560.30 |
|
|
| $48,560.30 |
Prices from Tuesday’s close or 6am for US | Cash available $25,347.75 |
|
|
| $25,347.75
|
Disclaimer: The commentary and trading positions taken are for educational purposes only and are not an invitation to trade. Trading is risky and individuals should seek Professional counsel before making any financial decisions. Many thanks to Incredible Charts.com software for most of the charts used in the column.
Monitor, measure, manage and maximise… Cheers Charlie.
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